John Fullerton, founder of Capital Institute, discusses the potential of a regenerative economy, mindset shifts, and technology like blockchain and AI. Resource management complexities, role of education, and collective efforts are delved into. Their optimism about a regenerative future is grounded in addressing complexities.
Regenerative economics advocates for aligning the economy with the principles observed in living systems and emphasizes the need to recognize and govern common resources as shared assets.
The establishment and growth of commons are crucial for transitioning towards a regenerative economy, requiring the creation of institutional frameworks and governing bodies for managing and preserving shared resources.
The development of commons-based approaches requires experimentation and collaboration at different scales, with funding for local bioregional commons and collaboration between major corporations and nations for global commons.
Deep dives
The Importance of First Principles in Regenerative Economics
Regenerative economics emphasizes the importance of understanding the economy as a living system and aligning its behavior with the principles observed in living systems. It advocates for a shift away from reductionist problem-solving approaches towards a more holistic understanding of complexity. These first principles serve as a compass for guiding the transformation of the economy and society towards regenerative practices. They highlight the need to recognize and govern common resources as shared assets, rather than solely relying on market mechanisms or government regulation.
The Potential of Commons in Transforming the Economy
The establishment and growth of commons are seen as crucial for transitioning towards a regenerative economy. This involves creating institutional frameworks and governing bodies for managing and preserving shared resources. While starting with local bioregional commons may be more feasible, there is also a need to consider global commons, such as the atmosphere, where collaboration between major corporations and nations is necessary. Commons-based approaches can challenge incumbent power structures and business models, and require a shift in thinking towards prioritizing the long-term health and sustainability of these shared resources.
The Pathways to Commons-based Transformation
The development of commons-based approaches requires experimentation and collaboration at different scales. Funding experiments in local bioregional commons can help generate practical insights and build community engagement. Additionally, major corporations and influential nations have the potential to catalyze large-scale transformation by acknowledging the need for global commons and collaborating to establish governance structures. While the pathways to growing commons may encounter resistance, the recognition of the inevitability of a healthier and more sustainable economy grounded in the principles of living systems can guide efforts towards achieving this paradigm shift.
First Principle of Regenerative Economy
The speaker discusses the importance of identifying and implementing first principles of a regenerative economy. These principles are derived from studying fractal patterns in living systems and aim to align with the patterns and principles found in nature. The speaker emphasizes the need to move away from a reductionist and goal-oriented approach and instead focus on creating conditions for health and life to emerge. By aligning our economy with these first principles, we can manifest the potential that exists in living systems and ensure the long-term sustainability and prosperity of our economy.
The Role of Goals and Governance in Regeneration
The speaker explores the difference between centering around principles versus centering around goals in community building and the economy. While goals have their place, the focus should be on creating the right conditions for health to emerge. The speaker advocates for a shift in governance practices and institutions that align with the principles of living systems, rather than relying solely on regulations and policies. The importance of storytelling and narrative in inspiring and inviting people to envision a regenerative future is also highlighted. The speaker emphasizes the need for innovation in societal, cultural, and economic systems to bring about transformative change in alignment with regenerative principles.
In this Planetary Regeneration Podcast episode, Gregory Landua and John Fullerton discuss the potential of a regenerative economy, emphasizing alignment with nature, mindset shifts, and technology like blockchain and AI. They delve into resource management complexities and highlight the role of education. Their optimism about a regenerative future is grounded in collective efforts to address complexities.
John Fullerton is the founder of Capital Institute, a recognized New Economy thought leader, an active impact investor, and public speaker. John is also the director of New Day Farms, a co-founder of Grasslands, LLC, and a member of the Club of Rome. Previously, he was a Managing Director of JPMorgan managing multiple capital markets and derivatives businesses globally.
Twitter: @capinstitute
Website: https://capitalinstitute.org/
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